According to MarketsandMarkets, the market for AR technology is worth $15.3 billion. It's worth exploring the different avenues and trends that drive the surging augmented reality market. By the end of 2020, AR active devices were estimated to rise to 598 million units and are projected to grow to 1.73 billion by 2024.1 feb 2021
What is the future of augmented and virtual reality?
The AR/VR devices of the future will provide personalized, accessible and well-designed experiences. As these elements take hold, a platform shift is imminent. In my opinion, in three years we are going to see new AR glasses with LTE capabilities that will become an alternative to the smartphone.
What is the current state of augmented reality?
Augmented Reality technology is about to alter the market the most in the coming years. AR market development analyses confirm it, pointing to its dynamic progress. Zion Market Research predicts that AR's value will reach 133 billion dollars in 2023 with average growth rate of 85,2% during 2016 – 2023.6 abr 2018
What are the future trends in AR and VR?
According to a report by Valuates, the VR and AR market is expected to grow at a CAGR of 63.3 percent between 2018 and 2025. It will reach $571 billion CAGR by 2025. This growth will mostly result from the continued use of smart devices, an increase in Internet connectivity, and growth in mobile gaming.29 nov 2021
What does the future hold for AR and VR in Healthcare?
The market for virtual and augmented reality in healthcare is expected to reach $2.4 billion by 2026, according to Allied Market Research, as use cases expand to include pain management, memory care and medical training, among other things.23 nov 2020
How VR will be used in the future?
VR technologies will make smartphones smarter, and many more smart tools like VR goggles, VR devices will flood the market. With VR, we can enjoy history (which is boring theoretically), can explore the space (from Earth), can see the surface of the moon in 3D and much more.
Is augmented reality popular?
In 2020, 83.1 million consumers in the US used AR monthly. That accounts for 15% of the population. Years ago, brands were mainly able to engage with users through print because of the large user base.
Is augmented reality still a thing?
Augmented reality technology has seen unprecedented growth in 2020. ... By the end of 2020, AR active devices were estimated to rise to 598 million units and are projected to grow to 1.73 billion by 2024.1 feb 2021
Why is AR popular?
Improving healthcare outcomes with better diagnostic tools. Creating immersive experiences for sports fans or concert-goers. Building virtual or augmented tours of real estate properties or hotels. Helping people find their way through shopping malls and airports using AR on their phones.23 sept 2021